Since $SPX seemed so stubborn, I closed my $NDX and IWM puts at nice profits. Early today, I bought a substantial position in GLD calls, and those are already up about 20%. I think the euro, gold, and oil are all headed higher short-term
I also bought a bunch of IWM calls, but this is a day trade only. Although the indexes could move higher over the coming days, I am not going to hold a countertrend index call in this market. No way. And my stop is set tightly at 72.71, the day's present low.
